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GBS 220 Quantitative Methods in Business Assignment
Management Assignment Exercise - Read the attached scenario, and then answer the essay questions listed below to complete the exercise.
Essay Questions -
1. Develop a revenue management (maximizing) model based on the information given in the scenario.
2. How many seats should be allocated to each? of the 16 itineraries to maximize revenue?
3. What is the (maximum) expected revenue to be earned per day for all? 16 flights?
4. Assume operating costs for each of the legs is as follows:
1. Leg 1 = $20,250
2. Leg 2 = $19,750
3. Leg 3 = $20,500
4. Leg 4 = $19,500
What is the expected operating income for each ?of the legs? And in total? for Freedom Airlines, given these 16 itineraries?
Attachment:- Quantitative Methods in Business Assignment Scenario.rar
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